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Retail Market in Philippines 2024-2028

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    Report

  • 139 Pages
  • November 2024
  • Region: Philippines
  • TechNavio
  • ID: 5534265
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The retail market in philippines is forecasted to grow by USD 66.35 billion during 2023-2028, accelerating at a CAGR of 11.1% during the forecast period. The report on the retail market in philippines provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for convenience food products, growing popularity of private-label brands, and rising prominence of in-store bakeries in supermarkets.

The retail market in philippines is segmented as below:

By Product

  • Food and beverages
  • Personal and household care
  • Apparel and footwear
  • Electrical and electronics
  • Others

By Distribution Channel

  • Offline
  • Online

By Geographical Landscape

  • APAC
This study identifies the surge in sales through online distribution channels as one of the prime reasons driving the retail market in philippines growth during the next few years. Also, innovative packaging and marketing initiatives by prominent vendors and growing per capita income of philippines will lead to sizable demand in the market.

The report on the retail market in philippines covers the following areas:

  • Retail Market in Philippines sizing
  • Retail Market in Philippines forecast
  • Retail Market in Philippines industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market in philippines vendors that include A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot. Also, the retail market in philippines analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Philippines - Market size and forecast 2023-2028 ($ million)
Data Table on Philippines - Market size and forecast 2023-2028 ($ million)
Chart on Philippines: Year-over-year growth 2023-2028 (%)
Data Table on Philippines: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Retail Market in Philippines 2018 - 2022
Historic Market Size - Data Table on Retail Market in Philippines 2018 - 2022 ($ million)
5.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
5.3 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on Retail Market in Philippines
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Food and beverages - Market size and forecast 2023-2028
Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
8.4 Personal and household care - Market size and forecast 2023-2028
Chart on Personal and household care - Market size and forecast 2023-2028 ($ million)
Data Table on Personal and household care - Market size and forecast 2023-2028 ($ million)
Chart on Personal and household care - Year-over-year growth 2023-2028 (%)
Data Table on Personal and household care - Year-over-year growth 2023-2028 (%)
8.5 Apparel and footwear - Market size and forecast 2023-2028
Chart on Apparel and footwear - Market size and forecast 2023-2028 ($ million)
Data Table on Apparel and footwear - Market size and forecast 2023-2028 ($ million)
Chart on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Data Table on Apparel and footwear - Year-over-year growth 2023-2028 (%)
8.6 Electrical and electronics - Market size and forecast 2023-2028
Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
8.7 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
8.8 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by Distribution Channel
9.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
9.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
9.3 Offline - Market size and forecast 2023-2028
Chart on Offline - Market size and forecast 2023-2028 ($ million)
Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Chart on Offline - Year-over-year growth 2023-2028 (%)
Data Table on Offline - Year-over-year growth 2023-2028 (%)
9.4 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ million)
Data Table on Online - Market size and forecast 2023-2028 ($ million)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
9.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ million)
Data Table on Market opportunity by Distribution Channel ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Amazon.com Inc.
Amazon.com Inc. - Overview
Amazon.com Inc. - Business segments
Amazon.com Inc. - Key news
Amazon.com Inc. - Key offerings
Amazon.com Inc. - Segment focus
SWOT
13.5 Cosco Capital
Cosco Capital - Overview
Cosco Capital - Product / Service
Cosco Capital - Key offerings
SWOT
13.6 Fast Retailing Co. Ltd.
Fast Retailing Co. Ltd. - Overview
Fast Retailing Co. Ltd. - Business segments
Fast Retailing Co. Ltd. - Key offerings
Fast Retailing Co. Ltd. - Segment focus
SWOT
13.7 Mercury Drug Corp.
Mercury Drug Corp. - Overview
Mercury Drug Corp. - Product / Service
Mercury Drug Corp. - Key offerings
SWOT
13.8 Metro Retail Stores Group
Metro Retail Stores Group - Overview
Metro Retail Stores Group - Product / Service
Metro Retail Stores Group - Key offerings
SWOT
13.9 New City Commercial Corp.
New City Commercial Corp. - Overview
New City Commercial Corp. - Product / Service
New City Commercial Corp. - Key offerings
SWOT
13.10 Robinsons Retail Holdings Inc.
Robinsons Retail Holdings Inc. - Overview
Robinsons Retail Holdings Inc. - Business segments
Robinsons Retail Holdings Inc. - Key offerings
Robinsons Retail Holdings Inc. - Segment focus
SWOT
13.11 Seven and i Holdings Co. Ltd.
Seven and i Holdings Co. Ltd. - Overview
Seven and i Holdings Co. Ltd. - Product / Service
Seven and i Holdings Co. Ltd. - Key offerings
SWOT
13.12 SM Investments Corp.
SM Investments Corp. - Overview
SM Investments Corp. - Product / Service
SM Investments Corp. - Key offerings
SWOT
13.13 SSI Group
SSI Group - Overview
SSI Group - Product / Service
SSI Group - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2023 and 2028
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value Chain Analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on Philippines - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Data Table on Philippines - Market size and forecast 2023-2028 ($ million)
Exhibits 19: Chart on Philippines: Year-over-year growth 2023-2028 (%)
Exhibits 20: Data Table on Philippines: Year-over-year growth 2023-2028 (%)
Exhibits 21: Historic Market Size - Data Table on Retail Market in Philippines 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2023 and 2028
Exhibits 25: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 30: Chart on Market condition - Five forces 2023 and 2028
Exhibits 31: Chart on Product - Market share 2023-2028 (%)
Exhibits 32: Data Table on Product - Market share 2023-2028 (%)
Exhibits 33: Chart on Comparison by Product
Exhibits 34: Data Table on Comparison by Product
Exhibits 35: Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Personal and household care - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Personal and household care - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Personal and household care - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Personal and household care - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Apparel and footwear - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Apparel and footwear - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Apparel and footwear - Year-over-year growth 2023-2028 (%)
Exhibits 47: Chart on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
Exhibits 48: Data Table on Electrical and electronics - Market size and forecast 2023-2028 ($ million)
Exhibits 49: Chart on Electrical and electronics - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Electrical and electronics - Year-over-year growth 2023-2028 (%)
Exhibits 51: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 52: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 53: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 54: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 55: Market opportunity by Product ($ million)
Exhibits 56: Data Table on Market opportunity by Product ($ million)
Exhibits 57: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 58: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 59: Chart on Comparison by Distribution Channel
Exhibits 60: Data Table on Comparison by Distribution Channel
Exhibits 61: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 69: Market opportunity by Distribution Channel ($ million)
Exhibits 70: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 72: Impact of drivers and challenges in 2023 and 2028
Exhibits 73: Overview on criticality of inputs and factors of differentiation
Exhibits 74: Overview on factors of disruption
Exhibits 75: Impact of key risks on business
Exhibits 76: Companies covered
Exhibits 77: Company ranking index
Exhibits 78: Matrix on companies position and classification
Exhibits 79: Amazon.com Inc. - Overview
Exhibits 80: Amazon.com Inc. - Business segments
Exhibits 81: Amazon.com Inc. - Key news
Exhibits 82: Amazon.com Inc. - Key offerings
Exhibits 83: Amazon.com Inc. - Segment focus
Exhibits 84: SWOT
Exhibits 85: Cosco Capital - Overview
Exhibits 86: Cosco Capital - Product / Service
Exhibits 87: Cosco Capital - Key offerings
Exhibits 88: SWOT
Exhibits 89: Fast Retailing Co. Ltd. - Overview
Exhibits 90: Fast Retailing Co. Ltd. - Business segments
Exhibits 91: Fast Retailing Co. Ltd. - Key offerings
Exhibits 92: Fast Retailing Co. Ltd. - Segment focus
Exhibits 93: SWOT
Exhibits 94: Mercury Drug Corp. - Overview
Exhibits 95: Mercury Drug Corp. - Product / Service
Exhibits 96: Mercury Drug Corp. - Key offerings
Exhibits 97: SWOT
Exhibits 98: Metro Retail Stores Group - Overview
Exhibits 99: Metro Retail Stores Group - Product / Service
Exhibits 100: Metro Retail Stores Group - Key offerings
Exhibits 101: SWOT
Exhibits 102: New City Commercial Corp. - Overview
Exhibits 103: New City Commercial Corp. - Product / Service
Exhibits 104: New City Commercial Corp. - Key offerings
Exhibits 105: SWOT
Exhibits 106: Robinsons Retail Holdings Inc. - Overview
Exhibits 107: Robinsons Retail Holdings Inc. - Business segments
Exhibits 108: Robinsons Retail Holdings Inc. - Key offerings
Exhibits 109: Robinsons Retail Holdings Inc. - Segment focus
Exhibits 110: SWOT
Exhibits 111: Seven and i Holdings Co. Ltd. - Overview
Exhibits 112: Seven and i Holdings Co. Ltd. - Product / Service
Exhibits 113: Seven and i Holdings Co. Ltd. - Key offerings
Exhibits 114: SWOT
Exhibits 115: SM Investments Corp. - Overview
Exhibits 116: SM Investments Corp. - Product / Service
Exhibits 117: SM Investments Corp. - Key offerings
Exhibits 118: SWOT
Exhibits 119: SSI Group - Overview
Exhibits 120: SSI Group - Product / Service
Exhibits 121: SSI Group - Key offerings
Exhibits 122: SWOT
Exhibits 123: Inclusions checklist
Exhibits 124: Exclusions checklist
Exhibits 125: Currency conversion rates for US$
Exhibits 126: Research methodology
Exhibits 127: Information sources
Exhibits 128: Data validation
Exhibits 129: Validation techniques employed for market sizing
Exhibits 130: Data synthesis
Exhibits 131: 360 degree market analysis
Exhibits 132: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the retail market in philippines: A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is surge in sales through online distribution channels."

According to the report, one of the major drivers for this market is the growing demand for convenience food products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A.S. Watson Group
  • Abenson
  • Amazon.com Inc.
  • Cosco Capital
  • Fast Retailing Co. Ltd.
  • Golden ABC
  • Inter IKEA Holding BV
  • McDonald Corp.
  • Mercury Drug Corp.
  • Metro Retail Stores Group
  • New City Commercial Corp.
  • Nike Inc.
  • Robinsons Retail Holdings Inc.
  • Seven and i Holdings Co. Ltd.
  • SM Investments Corp.
  • SSI Group
  • WOW Group
  • Wilcon Depot